"Let's prevent the spread of damage from financial-sector hacking"—Ministry of Science and ICT activates 24-hour emergency response system

[Financial News] The Ministry of Science and ICT, the agency responsible for responding to hacking and cyber incidents, is launching an emergency response system to prevent further damage from recent hacking incidents in the financial sector.
On the 4th, the Ministry of Science and ICT said it had activated an emergency response system with the Korea Internet & Security Agency (KISA) and launched an all-out effort to prevent similar incidents from spreading.
Investigations and responses to the financial-sector hacking incidents are currently being led by financial authorities, including the Financial Services Commission (FSC), the Financial Supervisory Service, and the Financial Security Institute. The Ministry of Science and ICT and KISA are focusing on responding to cyberthreats to prevent similar attacks from spreading to the private sector and causing further damage.
The response system of KISA's Internet Incident Response Center (KISC) has been strengthened to enable a swift response to the possibility of further damage caused by hacking in the financial sector.
The ministry has activated an emergency response system by intensifying monitoring of major companies' websites and other online services, reinforcing personnel responsible for responding to cyber incidents, and keeping an emergency dispatch team on standby at all times.
It also provided cyberthreat information through BohoNara and the Cyber Threat Information Analysis and Sharing System (C-TAS), a platform for sharing malware, attackers' internet addresses, and the latest cyberthreat trends. The move is intended to help institutions and companies strengthen their own security measures.
The ministry also sent emails recommending security checks to approximately 28,000 companies that had registered their chief information security officers (CISOs).
In addition, it provided relevant threat information on overseas attackers' internet protocol (IP) addresses identified by the Financial Security Institute to the applicable cloud service providers and requested that they take necessary measures, such as blocking malicious activity.
The Ministry of Science and ICT plans to continue sharing information with related agencies, including the FSC. It will immediately deploy relevant personnel and response systems in the field if the FSC, the Financial Supervisory Service, or other agencies request support from KISA and other specialists. The ministry will also work closely with related agencies throughout the incident investigations.
An official from the Ministry of Science and ICT said, "Going forward, we plan to make every effort to closely monitor cyberthreat trends affecting private information and communications services, including those in the financial sector, and to prevent similar incidents and the spread of damage through the rapid sharing of cyberthreat information and cooperation among relevant agencies."

[email protected] Jang Min-kwon Reporter